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“Ethereum Mining Wiki”

“Ethereum Mining Wiki”

January 30, 2015

Step 1: The first thing you need to do is go to this link download Geth. Geth is the program that communicates with the Ethereum Network and acts as the a relay between your computer, its hardware and the rest of the ethereum network computers so if a block is mined by another computer your Geth program will pick it up and then pass on the new information onto your GPU or CPU for mining.
Hi, You don’t need any kind of extra PSU and the PSU does not matter.. For FTW you need extra Splitter which you can find here – http://www.parallelminer.com/product/18awg-pci-e-6pin-to-dual-8-pin-y-splitter-extension-cable-2x-62pin-cable-6in-each-side/
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hey! first of all thank you for your immediate reply. Now the computer, after that it verifies the 4 things, it says “esecution of code impossible because “openCL.dll” was not found. Can you help me again?
It pays to look into calculators that show probable profits before going out and purchasing a miner. You input the MH rate that you expect, the power draw, and your local electricity cost and you can get expected profits.
The diff change value is calculated by looking at the current difficulty and comparing it to the 12 hour moving average of the difficulty one month ago. For smaller coins the diff change can sometimes be inaccurate due to a wildly fluctuating difficulty.
While this GPU is not as powerful in terms of hash-power when compared to the aforementioned Radeon R9 295X2 and Radeon R9 HD 7990 processors, it is still very popular because of the fact that it is the most economic options for mining Ethereum. It comes with a slower hash-power of 25 MH/s but saves a lot when it comes to electricity.
Question mine under linux ubuntu debian arch centos or windows or ethos and why, thank’s for the réponse, thx 🙂 with 7970 R9 280 thx.For the best rentability and the best hashrate and pool nanopool ou suprnova or fly or other, thx i’m noob thx
The power supply determines how efficiently a computer pulls current from the wall socket. Unfortunately, the standard PSU converts from wall current (Alternating Current, also known as AC) to Direct Current (DC) at around 70 percent efficiency. That means 30 percent of the power pulled from the wall gets turned into waste heat. Fortunately, a variety of PSUs can convert at 80 percent and higher. When certified by the 80 Plus organization, a power supply unit receive an efficiency rating which varies depending on the load of the unit. The ratings vary between 80+, 80+ Bronze, 80+ Silver, 80+ Gold, 80+ Platinum, and 80+ Titanium. At the highest end of the spectrum, PSUs produce above 90 percent efficiency at all loads, but they tend to cost a fortune.
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When you look the numbers, including power draw, the GeForce GTX 1070 cards appears to be the best performance-per-watt GPU currently on the market. An honorable mention goes to the AMD Radeon RX 480 and RX 580 coming in close to the profitability of the 1070 and at lower costs.
It is very beneficial and you must not miss this one. Many of them who are trying to buy a mining rig, miss, this component. Also, make sure you buy this with other hardware as you will cut out some shipping charges.
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And then once unlocked you can scroll down and see “Your Address” – this is your Ethereum Wallet address that we will use for mining. Save it to a separate notepad text file and save it on your Desktop for easy access it’s okay to share this address as this is how people will send you Ether and how you will receive your mining payouts, but Never share your Private Key!).
Could you write an article about how the cryptocurrencies get the money to pay to their miners. What they do with all the computations your graphic cards are making and if every time they increase the difficulty of mining a coin, does the additional calculations produce something of value or just create busy work. How safe is it allow somebody you don’t know to have unlimited, unmonitored access to you computer.
When a currency (Ethereum) is resistant to ASIC mining, the average person can afford to buy a GPU if they don’t already have one. This allows everyone to verify the network instead of a select few with lots of power.
Well right now its still profitable but if the price drops below 0.02ETH and difficulty will keep going up like 40-50% everymonth then most likely in 2 months it won’t be worth the hassle…. its a gamble.
You will receive daily or weekly payouts to your Ethereum wallet address (it depends on the plan, but usually payouts are done daily). You need to pay in advance for hashing power and contracts often come in the form of a 1-year contract or unlimited (until mining with rented hardware is profitable). The only thing to keep eyes on is the current Ethereum value, so that you stay in profit and that you do not pay more for hashing power than you get out of Ethereum production.
My philosophy on mining cryptocurrencies hasn’t changed since I first heard about Bitcoin in 2011. If you want to make a bit of a play at earning a little scratch, go for it. Definitely go for it if you already own the hardware. If you think mining some coins could help defray the costs of buying a new GPU that you’re going to use anyway, then that’s probably a reasonable bet.
Technological advances have helped build high end computing platforms baked by dedicated graphic processors called as Graphic Processing Units or GPUs. These processors help reduce CPU loads by looking after all graphics related tasks.
Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a “subsidy” of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.
Yes it is profitable is you do it the right way. You’ll need to build a mining rig with high powerful resources to make some amazing profits. if you want to know how much Ethereum mining can be profitable, then read the following article.
En effet là où le bitcoin pêche par son manque d’anonymat ( les transactions inscrites dans la blockchain Bitcoin sont publiquement accessibles ), le monero quant à lui rend impossible le traçage à la source de chaque transaction.
Great information but I still can’t decide. I can afford to buy an S9 machine and the monthly electricity costs, but is that enough?? How long is an S9 expected to be the best machine? 2 years or 6 months? And what’s the typical share from a pool? If 12.5 pts. of a coin is earned in say a month, do 10, 50, 200 miners share in it??
The Ethererum Mining plans will run for a maximum of 24 months, however, should Ethereum (“ETH”) switch to proof-of-stake before the end of the term, we will use the leased hardware on a best-effort basis to mine the most profitable coin with that hardware for you. Please refer to the contract for further details.
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Cryptocurrency mining refers to coins created as a reward in which the users of the network verify and record transactions on this very blockchain. Users who are able to successfully verify the transactions receive fees and rewards in the form of brand new coins.
Aujourd’hui j’ai décidé de vous parler de l’un des tous premiers sites de cloud mining j’ai nommé Genesis mining qui va vous permettre de gagner de l’argent en automatique et sans rien faire. Pour ceux […]
Anhand dieser verblüffenden Zahlen sind die Dimensionen für die Zukunft schier unglaublich. Genau hier beginnt das Entwicklungspotenzial einiger Währungen. Sie gewinnen mehr und mehr an Akzeptanz und ihre Coins können von Jedermann geschürft werden. Einzige Ausnahmen bildet Ripple und NEM, ihre Währungseinheiten werden von den Eigentümern aufgelegt bzw. ausgegeben und können nicht geschürft, aber gekauft werden.
Klar ist, je leichter der Schwierigkeitsgrad der Rechenleistung, desto mehr Coins können geschürft werden. Steigt deren Kurs binnen kurzer Zeit, werden viele auf diesen Zug aufspringen wollen. Wer also früher und zu einem günstigeren Preis einsteigen kann, der wird auf Zeit Profit erwirtschaften. Dieser Kalkulationspunkt kann in jedem Mining Calculator berücksichtigt werden.
Clever though it is, the system has weaknesses. One is rapid consolidation. Most mining power today is provided by “pools”, big groups of miners who combine their computing power to increase the chance of winning a reward. As mining pools have got bigger, it no longer seems inconceivable that one of them might amass enough capacity to mount a 51% attack. Indeed, in June 2014 one pool, GHash.IO, had the bitcoin community running scared by briefly touching that level before some users voluntarily switched to other pools. As the bitcoin price continues to fall, consolidation could become more of a problem: some miners are giving up because the rewards of mining no longer cover the costs. Some worry that mining will become concentrated in a few countries where electricity is cheap, such as China, allowing a hostile government to seize control of bitcoin. Others predict that mining will end up as a monopoly—the exact opposite of the decentralised system that Mr Nakamoto set out to create.
I trust cryptocurrencies mining is the best investment for the moment. Package of mining contracts I bought at Genesis Mining (Litecoin, DASH and Etherium) shows return on investment at 8-9 months – and these are 2-year contracts !
Nvidia’s latest flagship card, the Titan V, is a real beast. It uses a new type of graphics processor named Volta, which is also found in Tesla accelerators. The card is intended for serious number- crunching (such as machine learning, AI, and high-performance computing (HPC) applications).
If you would plan to run this for a longer time, you should try to lower the clock speed on the GPU core to lower power consumption and increase the memory clock speed to increase hash rate. Since Ethereum is not very dependent on the core clock and basically only the memory clock it would make performance better while also increase the profit margin

One Reply to ““Ethereum Mining Wiki””

Whichever motherboard that you use, you are going to have to make sure it can support for all of the GPUs that you are going to install. Remember to choose the correct cpu and ram for whichever motherboard that you pick.
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Disclosure: Mining metrics are calculated based on a network hash rate of 109,271 GH/s and using an ETH – USD exchange rate of 1 ETH =306.01. Block reward is fixed at 3 ETH and future block reward reductions are not taken into account. The average block time used in the calculation is 15 seconds. The electricity price used in generating these metrics is $ 0.074 per kWh.